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OPERATING SEGMENTS (Tables)

6 Months Ended

Jun. 30, 2024

Segment Reporting [Abstract]

Schedule of Segment Reporting Information, by Segment

The following tables provide a summary of financial information related to the Company's segments (in thousands):

			Three Months Ended June 30, 2024
			Çöpler									Marigold									Seabee									Puna									Segment Total												Corporate and other (1)						Consolidated
Revenue			$			—						$			60,873						$			35,386						$			88,582						$			184,841						$			—						$			184,841
Cost of sales (2)			$			—						$			39,237						$			17,275						$			40,070						$			96,582						$			—						$			96,582
Depreciation, depletion, and amortization			$			—						$			5,745						$			9,477						$			7,789						$			23,011						$			—						$			23,011
Exploration and evaluation			$			298						$			3,971						$			5,190						$			665						$			10,124						$			1,131						$			11,255
Care and maintenance expenses (3)			$			30,556						$			—						$			—						$			—						$			30,556						$			—						$			30,556
Operating income (loss)			$			(33,722)						$			10,745						$			3,104						$			38,490						$			18,617						$			(7,897)						$			10,720
Capital expenditures			$			3,586						$			13,096						$			7,119						$			3,550						$			27,351						$			8,982						$			36,333
Total assets as of June 30, 2024			$			2,736,138						$			801,572						$			411,838						$			283,905						$			4,233,453						$			942,101						$			5,175,554

(1)Corporate and other consists of business activities that are not included within the reportable segments and is provided for reconciliation purposes. The exploration, evaluation and development properties are no longer considered a reportable segment and the portfolio of prospective exploration tenures, near or adjacent to the existing operations (near-mine) are included in the respective reportable segment. The greenfield standalone prospects and development projects are included in Corporate and other.

(2)Excludes depreciation, depletion, and amortization.

(3)Care and maintenance expense represents direct costs not associated with the environmental reclamation and remediation costs of $17.3 million and depreciation of $13.3 million during the suspension of operations at Çöpler starting in the first quarter of 2024.

			Three Months Ended June 30, 2023
			Çöpler									Marigold									Seabee									Puna									Segment Total									Corporate and other (1)									Consolidated
Revenue			$			97,856						$			117,806						$			30,058						$			55,306						$			301,026						$			—						$			301,026
Cost of sales (2)			$			54,949						$			63,965						$			18,272						$			33,454						$			170,640						$			—						$			170,640
Depreciation, depletion, and amortization			$			20,099						$			9,982						$			8,360						$			6,200						$			44,641						$			—						$			44,641
Exploration and evaluation			$			1,312						$			3,116						$			5,275						$			2,312						$			12,015						$			1,960						$			13,975
Operating income (loss)			$			19,744						$			40,053						$			(2,139)						$			12,552						$			70,210						$			(17,281)						$			52,929
Capital expenditures			$			13,719						$			33,677						$			12,027						$			1,901						$			61,324						$			—						$			61,324
Total assets as of June 30, 2023			$			3,261,738						$			730,579						$			521,586						$			314,706						$			4,828,609						$			910,870						$			5,739,479

(1)Corporate and other consists of business activities that are not included within the reportable segments and is provided for reconciliation purposes.

(2)Excludes depreciation, depletion, and amortization.

			Six Months Ended June 30, 2024
			Çöpler									Marigold									Seabee									Puna									Segment Total												Corporate and other (1)						Consolidated
Revenue			$			48,571						$			137,560						$			94,513						$			134,431						$			415,075						$			—						$			415,075
Cost of sales (2)			$			24,423						$			88,308						$			41,708						$			68,044						$			222,483						$			—						$			222,483
Depreciation, depletion, and amortization			$			9,831						$			13,184						$			24,690						$			13,704						$			61,409						$			—						$			61,409
Exploration and evaluation			$			1,072						$			8,065						$			8,736						$			1,000						$			18,873						$			2,613						$			21,486
Care and maintenance expenses (3)			$			44,965						$			—						$			—						$			—						$			44,965						$			—						$			44,965
Operating income (loss)			$			(437,524)						$			26,096						$			18,706						$			49,253						$			(343,469)						$			(22,235)						$			(365,704)
Capital expenditures			$			10,127						$			15,527						$			22,892						$			6,909						$			55,455						$			17,114						$			72,569
Total assets as of June 30, 2024			$			2,736,138						$			801,572						$			411,838						$			283,905						$			4,233,453						$			942,101						$			5,175,554

(1)Corporate and other consists of business activities that are not included within the reportable segments and is provided for reconciliation purposes.

(2)Excludes depreciation, depletion, and amortization.

(3)Care and maintenance expense represents direct costs not associated with the environmental reclamation and remediation costs of $25.0 million and depreciation of $20.0 million during the suspension of operations at Çöpler starting in the first quarter of 2024.

			Six Months Ended June 30, 2023
			Çöpler									Marigold									Seabee									Puna									Segment Total									Corporate and other (1)									Consolidated
Revenue			$			208,369						$			215,974						$			62,151						$			129,146						$			615,640						$			—						$			615,640
Cost of sales (2)			$			129,595						$			118,506						$			41,537						$			80,299						$			369,937						$			—						$			369,937
Depreciation, depletion, and amortization			$			42,750						$			18,556						$			17,347						$			13,083						$			91,736						$			—						$			91,736
Exploration and evaluation			$			1,868						$			6,194						$			9,144						$			3,406						$			20,612						$			3,888						$			24,500
Operating income (loss)			$			31,240						$			71,337						$			(6,457)						$			30,775						$			126,895						$			(36,981)						$			89,914
Capital expenditures			$			23,788						$			63,269						$			20,472						$			4,478						$			112,007						$			—						$			112,007
Total assets as of June 30, 2023			$			3,261,738						$			730,579						$			521,586						$			314,706						$			4,828,609						$			910,870						$			5,739,479

(1)Corporate and other consists of business activities that are not included within the reportable segments and provided for reconciliation purposes.

(2)Excludes depreciation, depletion, and amortization.

X

- Definition

Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 25
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-25

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-22

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-30

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- References

No definition available.

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